Fitch affirms Korea Finance

Fitch Ratings said it affirmed Korea Finance Corp.'s long-term foreign-currency issuer default rating at A+, along with its short-term foreign-currency issuer default rating at F1 and senior unsecured rating at A+.

The outlook is stable.

The affirmation reflects the agency's continuing belief of an extremely high probability of support, if required, from the South Korean government given the bank's quasi-sovereign status, Fitch said.

The policy roles mandated to the company include the supply of funds to small- and medium-enterprises with growth potential, the agency said. It neither competes with commercial banks nor seeks to maximize its profit, Fitch added.

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